Using MF Utilities to invest
Open one account, then buy from most fund houses without separate sign-ups.
Updated 1 Nov 2026 · 2 min read
MF Utilities (mfuonline.com) is a shared services platform set up by the fund houses themselves. Investors get a Common Account Number (CAN) that links their folios across the fund houses on it.
Opening a CAN
- Choose to open an eCAN on the MF Utilities website.
- Enter your PAN and KYC details, bank account, contact details and nominee.
- Submit and verify. The CAN is usually ready within a few working days.
Investing
- Sign in to MFU Online with your CAN.
- Pick the fund house and scheme, the plan and the option.
- Pay by net banking, UPI or a registered bank mandate. SIPs, switches and redemptions are done the same way.
What to know
Most fund houses are on MF Utilities, but check that the one you want is listed before you start.
Questions
Is there a fee for a CAN?
No. Opening a CAN and transacting on MF Utilities is free for investors.
Look up a fund you hold
Each fund page has its returns, risk, costs, managers and everything it holds.
This guide explains how things work. It is not investment, tax or legal advice. Rules change; check the fund house's documents, and a qualified adviser for your own case.